• 3 Posts
  • 62 Comments
Joined 4 years ago
cake
Cake day: May 3rd, 2021

help-circle

  • What enormous transaction fees?

    Stablecoin transfers on an Ethereum L2 like Arbitrum is a few cents and about to get even cheaper in the future. It’s 1/10000 of a cent on Solana.

    Monero payments are 1-3 cents.

    Bitcoin has the highest one I paid, something like 12-15 cents. This can go higher like $10 if the chain is busy but you have plenty of options in the crypto space to choose the appropriate chain for payments.

    I mean, it’s very clear you just listen to mainstream news and actually believe their agenda.


  • It’s reactionary politics? I’m not sure what else led to the rejection. It doesn’t actively hurt them to accept crypto. They just capitulated to reactionaries in their rejection, what else would I call it?

    I’m not even claiming that crypto in its current form can handle global transactional needs, but Wikipedia and Mozilla realised that it could just be an additional avenue for payments. It wasn’t hurting anyone and allowed people like me to contribute. How would you like it if you couldn’t pay for things because it upset other people’s views of what the world should be like? Because that’s what happened to me.

    Wikipedia caved to white Western imperialists’ demands which have no basis in reality and excluded large portions of the world, most of which are marginalised communities who don’t have access to the same financial systems that Westerners do.

    I’m just glad that SciHub isn’t headed by a reactionary but an actual person who cares about our rights to free and fair access to all things. And SciHub proves the need for an alternate financial system that isn’t dominated, or at least, directly controllable by vested interests of the Western financial system.


  • Your rant is not contrarian for Western imperialists who don’t want another financial system competing with their current hegemony.

    That’s why crypto is hated by Westerners while most others have neutral to positive opinions of it generally.

    And the transaction fees argument and time needed for confirmation doesn’t even make sense? Wikipedia doesn’t need to pay any fees to accept crypto and it’s not like they’re a business which needs the money a second after the transaction. Even if they did need it that quickly, there are plenty of choices in crypto that settle much faster than Bitcoin, which they used.


  • I definitely agree with your stance that we should exclude people from things because it’s inconvenient. This is why I don’t support accessibility measures in any domain.

    I don’t even understand what your point is? Wikipedia doesn’t have to pay fees to accept crypto? They could keep other payment options too, no one said credit cards should not be allowed. They could just provide the address for the centralised exchange and sell it for cash with minimal problems.

    What I’m finding out is that people have a bad case of Dunning-Kruger when it comes to crypto and it’s usually privileged Westerners who don’t care if other people are included or not. Just straight up racists.




  • Again, price volatility had nothing to with Wikipedia stopping crypto donations.

    You can hate all you want, crypto is the only way I have to pay for a lot of things and it has definitely helped me more than reactionary moralists from the West living large in their oppression funded country.

    I didn’t call them woke. Hell, people would probably call me woke if they asked about my political preferences. Being woke and being a reactionary pawn are two different things.









  • 100% of the crypto hate I see is from citizens of neocolonial states. You lord your control of the financial system over us and when something threatens it, it’s always delegitimised for any number of reasons.

    Take your pick: scam, destroying the environment, eroding state power etc.

    A decentralised system/society will need a value layer to transact. You think Visa should be in control of that?

    Just because you don’t like it, doesn’t make it snake oil. I hope you never find yourself at the mercy of a government that persecutes you and imposes capital control so you can’t even run away with your money. If crypto existed when my people were literally being genocided, my parents would not have to end up in a new country with nothing to their name.





  • There is no need for all businesses to be cooperatives. Just require that majority voting shares be held by workers in a business always. Other people can buy shares to sell if they go higher or for dividend payouts. This would secure worker ownership of a business while still allowing for markets.

    While banks should be part of the funding structure, disallowing VCs would have to mean disallowing any person from investing in anything, since that’s what VCs are, just a bunch of people getting together and putting money into things.